505 950 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3105423

$349,000
Est. Mortgage $1,544/mo
Anchor Point 11
0 Beds
1 Baths
462 sqft
755 $ /sqft
392.76 $ Maint. fee
1977 built
5.2% price reduction
$349,000
$368,000
Est. $1,544/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 505 950 Drake Street

5.2% price reduction

Own in the heart of downtown Vancouver at Anchor Point II! This bright and well-designed junior one-bedroom/studio offers 462 sq. ft. of efficient, open-concept living with excellent natural light and a private balcony. The solid concrete building features a rooftop deck, landscaped courtyard, and great resident amenities. Enjoy an unbeatable location just steps to Yaletown, the Seawall, beaches, dining, shopping, and transit. Exceptional value for first-time buyers or investors with strong rental appeal. Ready for immediate possession—your opportunity to enter the Vancouver market awaits!

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Refrigerator, Range Top
Interior Features Elevator, Storage
Heating Type Baseboard, Hot Water
Laundry Common Area
# of Kitchens 1
Flooring Mixed, Carpet
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Balcony
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $349,000
Total Bedrooms 0
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 462
Year Built 1977
Age Of Building 49
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Clubhouse, Maintenance Grounds, Heat
Building Name Anchor Point 11
Ownership Type Freehold Strata
Maintenance Fee $392.76
Amenities Nearby Clubhouse, Maintenance Grounds, Heat
Utility Type Electricity Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Underground, Lane Access
Strata Restrictions Rentals Allwd w/Restrctns
Rental Restrictions 100
Rental Suites None

Lot & Land

MLS® # R3105423
Area Vancouver West
Neighbourhood Downtown VW
City Vancouver
Postal Code V6Z 2B9
Gross Taxes $1,301.25
Zoning DD

Property Timeline

Status Date Price
R3105423 / Active 03-30-2026 $349,000
Rooms
Floor Type Dimensions
Main Level Kitchen 7'8 x 7'8 ft
Main Level Living Room 11'10 x 11'10 ft
Main Level Dining Room 7'7 x 7'7 ft
Main Level Flex Room 8'11 x 8'11 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4

Listed by: RE/MAX Real Estate Services

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Secondary
King George Secondary School
1.42 km
Elementary
Elsie Roy Elementary School
Average
0.85 km
6.1/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Anchor Point Montessori
0.08 km
Secondary
Pattison School
0.53 km

Closest Transit

Bus Stop
Southbound Burrard St @ Harwood St
0.05 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
0.71 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Above Average
47%
No Certificate/Degree
Below Average
4.8%
Owner Occupied
Average
72.8%
Employment Rate
Below Average
24.4%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 505 950 Drake Street

BC Assessment Value — 505 950 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 006-295-835).
Total Assessed Value (2026)
$406,700
-2.5% YoY
-2.3%/yr over 4 yr
2022 Value Trend 2026
Land
$343,000
Buildings
$63,700
Year Built
1982
Class
Comprehensive Development
Zoning
DD
Property Tax
$1,368
Year Land Improvements Total Assessed YOY Change
2026 $343,000 $63,700 $406,700
-2.5%
2025 $352,000 $65,300 $417,300
-4.1%
2024 $367,000 $68,200 $435,200
-4.4%
2023 $384,000 $71,400 $455,400
+1.9%
2022 $365,000 $81,700 $446,700

Mortgage Calculator for 505 950 Drake Street

/month
Principal & Interest
Property Taxes $108
Maintenance fee 0
Financing 80% of the $349,000 asking price over 30 years at 4% results in approximately $1,834/month in total estimated carrying costs, $108 property tax, $393 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $1,779/month in rental income, leaving a -$95/month cashflow at current carrying costs. Investors targeting break-even would need roughly 26% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Downtown VW, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $349,000
Vancouver Loading...
Downtown VW Loading...

Based on 2 comparable active apartments/condos in Downtown VW, the average asking price is $374,000. This listing is priced 6.7% below the neighbourhood average. This property is flagged as a Hot Deal (5.2% price reduction) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $3,032
0 of 17 missions

Sign up on Estateblock.com

$152 / 5%

Buy with us & save on this property

Similar Condos for Sale in Downtown VW

Recently Sold Homes Near 505 950 Drake Street